ES - S&P Update shows correct assumption, but with time-delay
The dashed arrow comes from the prior post.
As we can see, we cannot expect the market do immediately what we wish.
But at least we have a clue, how good our assumption, tools & systems are.
Now, we are at multiple resistance points, with ES below the centerline.
Most of the time this is a no brainer, and my shorts are already in and working.
Since I also expect the VIX to rise more (...as a natural function of faster declining markets), I have Vega-Hedged my positions and my options portfolio is now pretty neutral.
Looking forward for the decline in the following days...
P!
As we can see, we cannot expect the market do immediately what we wish.
But at least we have a clue, how good our assumption, tools & systems are.
Now, we are at multiple resistance points, with ES below the centerline.
Most of the time this is a no brainer, and my shorts are already in and working.
Since I also expect the VIX to rise more (...as a natural function of faster declining markets), I have Vega-Hedged my positions and my options portfolio is now pretty neutral.
Looking forward for the decline in the following days...
P!
Comment:
So, you like it? §8-)
Comment:
Here we are - at least for now.
Courious if we see a test/retest at the L-MLH.
Courious if we see a test/retest at the L-MLH.
Comment:
That's it for now with the ES - I'm happy and wait to find the next move bevor the move §8-)